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1 week ago | 
techcabal.com | Sakhile Dube |Kosisochukwu Ugwuede |Frank Eleanya |Faith Omoniyi
Zimi, a South African electric vehicle (EV) charging solutions startup, has secured $320,000 (R6 million) in grant funding from the Energy and Environment Partnership (EEP Africa Trust Fund) to test its vehicle-to-grid (V2G) technology in South Africa. Vehicle-to-grid (V2G) is a technology that lets electric cars send power back to homes, businesses, or the electricity grid when needed.
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1 week ago | 
techcabal.com | Kenn Abuya |Muktar Oladunmade |Sakhile Dube
Digital lender Tala has laid off 28 employees from its customer operations team, citing a reduced workload due to fewer loan defaults and a drop in customer support queries. In an internal memo seen by TechCabal, the company said the layoffs were necessitated by a shift in how customers repay their loans. An internal memo from February 2025 initially outlined plans to cut 55 roles across Tala’s recovery and customer service teams, citing operational shifts and efficiency measures.
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1 week ago | 
techcabal.com | Muktar Oladunmade |Frank Eleanya |Sakhile Dube |Kenn Abuya
Moniepoint, the Nigerian fintech unicorn, has launched Monieworld, its remittance product that allows UK residents to send money directly from a Monieworld account, cards, a British bank account or via Apple Pay and Google Pay to any Nigerian bank account. In a live demo seen by TechCabal, it took just 17 seconds to send £1 to a Moniepoint account, which received ₦2,172—₦53 more than on other remittance platforms like Grey and ₦30 more than Lemfi.
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1 week ago | 
techcabal.com | Bunmi Bailey |Adonijah Ndege |Sakhile Dube |Towobola Bambgose
Ten of Nigeria’s biggest banks recorded a 58% surge in e-payments income as digital transactions hit a record high in 2024, according to their latest financial statements. The increase, driven by higher transfer volumes, increased reliance on mobile apps, and card usage across retail channels, is reshaping the traditional profit model of banking in Nigeria.
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1 week ago | 
techcabal.com | Sakhile Dube |Frank Eleanya |Towobola Bambgose |Adonijah Ndege
The South African Reserve Bank (SARB) has suspended the rollout of Postbank’s new black South African Social Security Agency (SASSA payment card), throwing the distribution of monthly social grants to over 28 million beneficiaries into uncertainty. The new cards were meant to replace the ageing gold cards used by SASSA grant recipients, one of Africa’s largest social welfare programmes.
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1 week ago | 
techcabal.com | Sakhile Dube |Kenn Abuya |Faith Omoniyi |Muktar Oladunmade
Stitch, a South Africa-based payments infrastructure startup founded in 2021, has raised $55 million in a Series B round, bringing its total funding to $107 million within just four years of operation. The funding is aimed at expanding its in-person payment offerings, improving its online payment suite, and facilitating its entry into card acquiring.
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1 week ago | 
techcabal.com | Ngozi Chukwu |Sakhile Dube |Kenn Abuya |Bunmi Bailey
PricePally, a Nigerian online grocery start-up known for group-buying, is testing grocery exports to drive revenue growth after a slump in its B2B segment. Its B2B procurement service, which contributed a quarter of revenue, shrank to 10% in 2024 after a sharp naira devaluation and food inflation. Founded in 2019, PricePally built a following among millennials with bulk-buying deals, enabling users to make group purchases of staples like rice, yam, tomatoes, etc.
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1 week ago | 
techcabal.com | Sakhile Dube
One of Africa’s most consequential conversations in the current moment is, what does a truly African Artificial Intelligence future look like? Depending on who you ask, AI in Africa promises to unlock new levels of productivity across healthcare, agriculture, education, and several other sectors. But as Abejide Ade-Ibijola, a professor of Artificial Intelligence (AI) and Applications at the Johannesburg Business School (JBS), tells TechCabal, that future comes with a warning.
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1 week ago | 
techcabal.com | Sakhile Dube |Frank Eleanya |Kenn Abuya
While Lesotho breathes a sign of relief with the 90-day pause of the 50% sweeping tariffs – the highest in Africa – the country’s prime minister, Samuel Matekane, wants his government to remove barriers to US investment, including Elon Musk’s Starlink. At the Third Public-Private Dialogue National Conference on April 9 in Maseru, Matekane framed Starlink’s license approval as part of broader efforts to attract U.S. investment.
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2 weeks ago | 
techcabal.com | Sakhile Dube
Zimbabwe has only two doctors per 100,000 people – far below the World Health Organisation’s guideline of one doctor per 1,000. Its public healthcare system struggles with inefficiencies. Specialists often juggle consultant roles in public hospitals with private practices, relied on heavily by low-to-mid-income urban communities. Traditional paper-based records and manual administrative workflows increase waiting times, potential for errors, and increase workload.
